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Blockchain Oracle project Pyth Network has just made the announcement that it would be integrating with Base, which is a layer-2 solution on Ethereum that Coinbase has just made the announcement about. Pyth Network is looking forward to the opportunity to serve the DeFi community on the layer 2 Base as part of the integration framework and to contribute to the development of the huge layer-2 ecosystem. About 200 Pyth grade pricing feeds are now available to be accessed by developers on the Basic Testnet network. The Wormhole bridge is used to accomplish the integration of Pyth Network with Base.…
NFT NFT News: Blur recently made the decision to remove third-party flags from the UI by default. It is discovered that flags actually do more harm than good to end users. However, Flags can still be enabled in the View Settings section of the collection page if desired. No matter whether they are enabled in the View Settings or not, flagged items cannot still be sold into bids on Blur. Whale deposits massive tokens to Blur marketplace A blockchain analysis company called Lookonchain claims that Taiwanese singer and notorious ICO issuer Jeffrey Huang’s machilittlebrother.eth address has purchased a significant amount…
The founders behind the alleged $340 million “global Ponzi” scheme Forsage have been indicted by a federal grand jury in the District of Oregon.The four Russian founders — Vladimir Okhotnikov, Olena Oblamska, Mikhail Sergeev and Sergey Maslakov — have been formally accused of having key roles in the scheme that raised approximately $340 million from victim-investors, according to a Feb. 22 Department of Justice (DOJ) statement.“Today’s indictment is the result of a rigorous investigation that spent months piecing together the systematic theft of hundreds of millions of dollars,” said U.S. Attorney Natalie Wight for the District of Oregon, adding: “Bringing charges…
Blockchain The Ethereum community appears to have taken a bullish view of Coinbase’s newly announced layer-2 network, Base, which has been described as a “massive confidence vote” and a “watershed moment” for the blockchain network. Secured on Ethereum and powered by layer-2 network Optimism, Base aims to eventually become a network for building decentralized applications (DApps) on the blockchain. The layer-2 network is currently in its testnet phase, according to Coinbase CEO Brian Armstrong. 0/ Hello world. Meet Base, an Ethereum L2 that offers a secure, low-cost, developer-friendly way for anyone, anywhere, to build decentralized apps. Our goal with Base…
Victor Marreo, the judge handling Dapper Lab’s NBA Top Shot class action lawsuit, has said that its NFTs might be securities. The ruling happened on Wednesday as the judge denied a motion from Roham Gharegozlou, Dapper Labs CEO to dismiss the lawsuit claiming the NFTs were not securities.By denying the motion, the judge allowed the case to proceed, and now Dapper Labs has 21 days to respond to the court’s decision. To make the decision, the judge reviewed the Howey Test, a method used by the SEC to determine whether a transaction qualifies as an “investment contract” or not. If…
Teaching cryptocurrency to children can be a great way to introduce them to the world of finance and technology. Here are some interactive ways one can utilize to teach cryptocurrency to children:Start with the basics and use analogiesStart by defining and describing the nature of money. Inform your kids about the various types of money and the function of banks. It is also important to teach them the origin of money and how it got involved, from paper money to digital money.Related: What is cryptocurrency? A beginner’s guide to digital currencyFurthermore, analogies can be a powerful tool to help children understand complex…
On Feb. 13, a federal judge put the Securities and Exchange Commission and the Commodity Futures Trading Commission cases against former FTX CEO Sam Bankman-Fried on hold. You’ll be forgiven if you missed this story — headlines and social media were dominated by the breaking news that the SEC was suing crypto firm Paxos for minting Binance’s stablecoin, Binance USD (BUSD).But we’re not here to debate whether stablecoins are securities. The Howey test has been discussed to death, and while it’s true that few people expect to profit from a token pegged to a fiat currency, the issue is more…
Blockchain EMURGO, a global blockchain technology company founded in 2017, has recently launched the open beta of its Cardano-based social platform “Cardano Spot,” which was built to “rectify the fragmentation of the Cardano ecosystem” and help the cryptocurrency’s community. According to a recently published press release EMURGO Media, one of the founding partners of Cardano ($ADA), released the closed beta version of Cardano Spot, and has since kept on developing the platform based on community feedback and direction. The platform, the release reads, is now “open to onboard all projects that are Cardano-powered.” Sebastian Ziliaucus, Managing Director of EMURGO Media,…
California Representative Maxine Waters, ranking member of the United States House Financial Services Committee, has called for coordination and cooperation between government agencies and lawmakers to address crypto regulation.Speaking to Cointelegraph, Representative Waters suggested that recent enforcement actions on the crypto space from the U.S. Securities and Exchange Commission and Commodity Futures Trading Commission may have been to present the image of “doing something substantive and meaningful” following the collapse of major exchanges including FTX. She said the market crash and related bankruptcies of major firms gave U.S. lawmakers an opportunity of “getting accountability” in the crypto space.“To the CFTC…
Blockchain Ryan Wyatt, President of Polygon Labs, spoke to Decrypt about his transition from gaming to the crypto world. Polygon is “a decentralised Ethereum scaling platform that enables developers to build scalable user-friendly dApps with low transaction fees without ever sacrificing on security.” The Polygon Lightpaper describes Polygon as “a protocol and a framework for building an connecting Ethereum-compatible blockchain networks.” On 18 May 2021, Independent Ethereum educator, investor and advisor Anthony Sassano took to Twitter to clear up some of the confusion around Polygon (e.g. some people refer to Polygon as a sidechain to Ethereum, while others call it…
